I believe the current rise of $ETH is due to major players defending the price.

$ETH 📉 ETHUSDT Trading Plan for Today (1H timeframe) Current price: 2425.23 ｜ Status: Low-level consolidation and recovery after a sharp drop --- 📊 Current Market Conditions • The market previously experienced a major waterfall drop, bottoming at 2357 before stabilizing. • The price is currently fluctuating narrowly within the 2400–2430 range, in a consolidation phase after being oversold. • MACD formed a golden cross below the zero axis (DIF -3.90 / DEA -8.80), with the green histogram continuing to expand, indicating short-term rebound and recovery demand. --- 📉 Key Levels • Support: 2400 / 2357 (previous low) • Resistance: 2446 (strong MA60 resistance) / 2477 --- 🎯 Trading Plans 🟢 Go Long (Speculate on an Oversold Rebound) • Entry: 2400–2410 (go long on a pullback) • Stop-loss: Below 2375 • Targets: 2445 → 2470 • Note: If the price breaks strongly above 2446 and holds, cautiously pursue a long position toward 2477. 🔴 Go Short (Short on Rejection of a Rebound) • Entry: 2445–2460 (upon the first touch near MA60, watch for rejection signals) • Stop-loss: Above 2480 • Targets: 2410 → 2380 --- ⚠️ Trading Discipline • The market is currently consolidating at low levels. Strictly avoid taking large positions at the midpoint of 2420–2435, as stop-losses can easily be triggered in both directions. • Only a break below 2357 will open up further downside; at that point, decisively stop out long positions and follow the trend to the short side. • Always use stop-losses and control position size. Rule of thumb: Go long if 2400 holds; go short if 2446 is rejected; follow the trend after a breakout. #ETHUSDT #以太坊 #交易计划 #Cryptocurrency

The longer I hold this short position, the more I can feel that this drop wasn’t driven by emotion. After $AEON came down from the highs, each rebound has been weaker than the last, with key levels continually moving lower and being reset—this is a textbook downtrend structure. The moving averages have formed a bearish alignment. Every time the price rebounds near them, it gets pushed back down, suggesting that trapped holders above are using the rebound to reduce their positions. For support below, first watch the key level marked by the previous high-volume candle with a long lower wick; that’s where buying interest is present. If it breaks, the next leg of downside will open up. I’ve placed the invalidation point slightly above the previous low: as long as the price reclaims the key level of the latest rebound and holds it on the next day’s retest, the bearish structure will begin to weaken. I’ll reduce my position first and reassess, confirming that the thesis is truly wrong. After locking in +172.08%, I’m taking profits in an 80/20 split: banking most of the gains while using the remaining position and a protective level to capture further downside. Those without a position shouldn’t chase shorts halfway down; wait for a rebound near the key level before reassessing. The timing will be much more comfortable. $ETH $XRP